Pegasystems' (PEGA) Outperform Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of Pegasystems (NASDAQ:PEGA - Free Report) in a research report sent to investors on Tuesday morning,Benzinga reports. Wedbush currently has a $125.00 target price on the technology company's stock. Wedbush also issued estimates for Pegasystems' Q3 2025 earnings at $0.22 EPS.

Other equities research analysts have also recently issued research reports about the company. KeyCorp cut their target price on Pegasystems from $118.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada boosted their price target on Pegasystems from $100.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Barclays reissued a "positive" rating on shares of Pegasystems in a report on Thursday, April 24th. Loop Capital reissued a "buy" rating and set a $105.00 target price (up from $85.00) on shares of Pegasystems in a report on Thursday, April 24th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $110.00 price objective on shares of Pegasystems in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Pegasystems presently has a consensus rating of "Moderate Buy" and an average price target of $104.00.

Pegasystems Trading Up 1.4%

Shares of NASDAQ:PEGA traded up $1.39 during trading on Tuesday, hitting $101.41. 741,259 shares of the company's stock traded hands, compared to its average volume of 761,181. Pegasystems has a 52 week low of $55.90 and a 52 week high of $113.67. The company has a market cap of $8.68 billion, a price-to-earnings ratio of 100.41 and a beta of 1.14. The company has a 50-day moving average price of $84.36 and a 200-day moving average price of $88.69.

Pegasystems Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a $0.015 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.06 annualized dividend and a dividend yield of 0.06%. Pegasystems's payout ratio is presently 5.83%.

Insider Activity at Pegasystems

In other news, insider Rifat Kerim Akgonul sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $72.25, for a total value of $144,500.00. Following the completion of the transaction, the insider now owns 56,534 shares in the company, valued at $4,084,581.50. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Alan Trefler sold 31,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $70.93, for a total value of $2,234,295.00. Following the completion of the transaction, the chairman now owns 17,247,614 shares of the company's stock, valued at approximately $1,223,373,261.02. The trade was a 0.18% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 127,087 shares of company stock worth $10,299,146. 49.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Strs Ohio bought a new stake in shares of Pegasystems in the first quarter worth $1,054,000. Focus Partners Wealth grew its holdings in Pegasystems by 55.0% during the first quarter. Focus Partners Wealth now owns 5,476 shares of the technology company's stock valued at $381,000 after purchasing an additional 1,943 shares during the period. Bayforest Capital Ltd bought a new stake in Pegasystems during the first quarter valued at about $250,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Pegasystems by 18.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,783 shares of the technology company's stock valued at $10,830,000 after purchasing an additional 23,713 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Pegasystems by 5.6% during the first quarter. Goldman Sachs Group Inc. now owns 248,168 shares of the technology company's stock valued at $17,253,000 after purchasing an additional 13,075 shares during the period. Hedge funds and other institutional investors own 46.89% of the company's stock.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients' processes and workflows.